Lot 148 Patullos Rd, Lara VIC
Lara, Geelong, VIC, 3212$ 771,844
- Dual Occupancy
- Property Type
- 3+2
- Bedrooms
- 2+1
- Bathrooms
- 2
- Cars
- 188
Details
Updated on Jun 23, 2026
| Property Type: | Dual Occupancy |
|---|---|
| Price: | $ 771,844 |
| Land Price: | $ 352,000 |
| Build Price: | $ 419,844 |
| Gross Per Week: | $ 1,000 |
| Gross Per Annum: | $ 52,000 |
| Gross Yield: | 6.74% |
| Capital Growth 12 Months: | 10.86% |
| 10Yr Annualised Growth: | 6.44% |
| Vacancy Rate: | 1.97% |
| Property Size: | 188 m2 |
| Land Area: | 432 m2 |
|---|---|
| Bedrooms: | 3+2 |
| Bathrooms: | 2+1 |
| Parking: | 2 |
| Title Status: | TBA |
| Property ID: | 22543 |
| SKU: | 1065 |
| Sold: | Jun 23, 2026 |
Description
This Dual Occupancy in Lara has been carefully crafted to offer both practical living and solid returns. Featuring 3+2 bedrooms, 2+1 bathrooms and 2 car space/s, it balances functionality with contemporary style. Designed to meet the demands of modern tenants, it provides strong rental performance and long-term growth. Its combination of design, location and value makes it a reliable investment option. A smart addition to any property portfolio.
Suburb profile:
Lara offers a peaceful, semi-rural lifestyle between Melbourne and Geelong, with easy access to Lara Train Station and major roads like the Princes Freeway. The suburb features essential amenities including Lara Village Shopping Centre, Lara Lake Primary School, and local nature retreats such as You Yangs Regional Park. Investors are drawn to Lara for its affordability, growth opportunities, and strong rental demand.
This property is built with long-term growth in mind, offering security, value and strong returns. It provides confidence for investors looking to build wealth while ensuring everyday comfort for residents. A reliable choice in today's market.
Investors looking to optimise land use and amplify their investment portfolio will find great value in Dual Occupancy Properties.
These properties cleverly accommodate two independent dwellings on a single parcel of land, effectively doubling the potential for rental income.
The design caters to a broad market, including extended families and tenants seeking spacious living options, thereby increasing the property's rental appeal.
The strategic configuration of these properties allows investors to capitalise on the growing demand for versatile housing solutions in both urban and suburban settings.
Forecasted value over 20 Years
Forecasted value is based on the 10 Year annualised growth.
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Read More »Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.
Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.
Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.
SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.
This property is a single-contract property suitable for an SMSF.
SMSF Single Contract